If Biden wants to forgive my student loan, I'll take it. Won't vote for him for anything, but I'll take the payoff. The amount of taxes I've paid over the last several years would cover the amount of my student loans many times over. It'll be like getting a refund.
The interest is tax deductible, but there's a cap. Maximum $2500 a year in interest paid. So nowadays when I do my taxes I see them go down about $35 because of my student loans.
Yeah, especially since I would have had my loan paid off 4 years ago if it hadn't been for Sallie Mae's deceptive tactics with income-driven repayment (which they were sued for, if I remember correctly). I technically already paid more than the loan was worth, including all interest. So I'm not gonna turn it down if it comes. However, I never have good luck, so I'm sure my loan will be one of the few that won't qualify for whatever harebrained scheme Biden has come up with.
If Biden wants to forgive my student loan, I'll take it. Won't vote for him for anything, but I'll take the payoff. The amount of taxes I've paid over the last several years would cover the amount of my student loans many times over. It'll be like getting a refund.
are student loan payments tax deductible?
The interest is tax deductible, but there's a cap. Maximum $2500 a year in interest paid. So nowadays when I do my taxes I see them go down about $35 because of my student loans.
Interest only.
Yeah, same. I'm against it, but I pay taxes and I'm against welfare too. Everyone else is robbing the treasury, I might as well benefit.
Yeah, especially since I would have had my loan paid off 4 years ago if it hadn't been for Sallie Mae's deceptive tactics with income-driven repayment (which they were sued for, if I remember correctly). I technically already paid more than the loan was worth, including all interest. So I'm not gonna turn it down if it comes. However, I never have good luck, so I'm sure my loan will be one of the few that won't qualify for whatever harebrained scheme Biden has come up with.